US Foreclosures Jump 31.2% in Third Quarter : OCC

December 29, 2010 WSP

Newly initiated foreclosures increased to 382,000 in the third quarter, a 31.2 percent jump over the previous quarter and a 3.7 percent rise from a year ago, the Office of the Comptroller of the Currency and the Office of Thrift Supervision said in their quarterly mortgage report. – CNBC